Recovery From Trade Swoon May Be Slow

January 19, 2016

Say goodbye to the golden age of the container ship. Compared with the level of economic growth, global trade is in the midst of its worst slowdown in decades. And even if imports and exports pick up speed, economists say that will have more to do with the Internet and services providers than with traditional products and commodities shipped on the high seas. The immediate causes of the trade slump are China’s abrupt manufacturing slowdown, a deep slide in commodity prices, and conflicts that have triggered sanctions with Russia and other countries. But deeper problems for merchandise trade have been building for years.

Read Full Article: Link


Topics: WORLD TRADE ORGANIZATION (WTO) ECONOMIC GROWTH MEGA-REGIONAL AGREEMENT

Regions: NORTH AMERICA ASIA-PACIFIC

Authors: THE WALL STREET JOURNAL


In Other News

APEC Leaders Debate Approach to Trade Tensions, WTO Issues at Port Moresby Summit

November 22, 2018

Leaders from 21 Asia-Pacific Economic Cooperation (APEC) economies wrapped up their annual summit this past weekend in Port Moresby, Papua New Guinea, tackling a host of subjects relating to region...READ MORE

EU, South Africa Discuss Options for Closer Economic Ties at Presidential Summit

November 22, 2018

South African leaders met with their European counterparts in Brussels for a presidential summit on 15 November to discuss future opportunities for cooperation, including on economic issues. Discus...READ MORE